Scandinavia: Soap Market 2024

Soap Market Size in Scandinavia

After two years of growth, the Scandinavia soap market decreased by -25.4% to $X in 2021. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +25.6% against 2018 indices. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Soap Production in Scandinavia

In value terms, soap production reduced rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed notable growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 103%. As a result, production reached the peak level of $X, and then fell remarkably in the following year.

Soap Exports

Exports in Scandinavia

In 2021, approx. X tons of soap were exported in Scandinavia; falling by -1.6% compared with 2020. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +69.4% against 2012 indices. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of X tons, and then dropped slightly in the following year.

In value terms, soap exports expanded significantly to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +64.8% against 2015 indices. The pace of growth was the most pronounced in 2020 when exports increased by 27% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) and Denmark (X tons) dominates exports structure, together comprising 94% of total exports. Norway (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Norway (with a CAGR of +24.3%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 98% of total exports.

Among the main exporting countries, Denmark, with a CAGR of +6.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, picking up by 8.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 8.6%. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.7%), while the other leaders experienced mixed trends in the export price figures.

Soap Imports

Imports in Scandinavia

In 2021, the amount of soap imported in Scandinavia dropped to X tons, waning by -9.1% on 2020. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 33%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, soap imports declined to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Sweden (X tons), Denmark (X tons) and Norway (X tons) represented roughly 87% of total imports in 2021. It was distantly followed by Finland (X tons), generating a 12% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +6.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soap importing markets in Scandinavia were Sweden ($X), Norway ($X) and Denmark ($X), with a combined 86% share of total imports.

Norway, with a CAGR of +6.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, growing by 4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 7.5%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform